- GTG Weekly
- Posts
- Mortgage Rates 📢 August 19th, 2024
Mortgage Rates 📢 August 19th, 2024
Rates HOLD ↔️ Nice and steady the last few weeks. No major news events are expected to swing the market.
Glenn Groves
August 19, 2024
INTEREST RATES
10-Year-Treasury 1-Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.500% / 6.514% | -.000% |
↔️ Conv. HB | 6.875% / 6.884% | -.000% |
⬇️ JUMBO | 6.875% / 6.885% | -.125% |
⬇️ FHA 3.5% DP | 5.625% / 6.545% | -.125% |
↔️ VA 0% DP | 5.750% / 5.959% | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rate Markets: Light news is expected today and Tuesday that could affect rates. Assume these numbers will hold at least through midweek!
Bottom Line: After the rollercoaster of the early month, it has been pretty smooth for the last few weeks, making buyers more comfortable with predictable numbers.
Reply